Adyen shares sank Thursday after the company reported a slowdown in the growth of its transaction volumes in the third quarter.
Adyen, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million, up 21% year-on-year.
Shares of Adyen fell more than 6% Thursday after the company's third-quarter report, paring losses of as much as 11% during earlier in the trading session. The stock initially failed to trade when markets opened in Amsterdam. "Either way, the take rate on the processed volume is comfortably higher than expected and, if sustainable, should support sales growth acceleration in 2025/26, while the lower run-rate of hiring should support continued margin uplift," they wrote.
Earnings Retail Industry Breaking News: Technology Technology Shopify Inc Shopify Inc Block Inc Adyen NV Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adyen shares slide 10% as payments giant's transaction volume growth slowsAdyen, whose technology allows firms to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros, up 21% year-over-year.
Read more »
Payments giant Adyen reports 21% jump in third-quarter salesAdyen, whose technology allows firms to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros, up 21% year-over-year.
Read more »
Vikings vs Rams Picks: 3 Experts Share Their Best Bets for Thursday Night FootballThe Covers staff share their best bets and predictions for this evening's Thursday Night Football showdown between the Minnesota Vikings and Los Angeles Rams.
Read more »
Vikings vs Rams Picks: 3 Experts Share Their Best Bets for Thursday Night FootballThe Covers staff share their best bets and predictions for this evening's Thursday Night Football showdown between the Minnesota Vikings and Los Angeles Rams.
Read more »
Today’s ‘Quordle’ Hints And Answers For Thursday, November 7Kris Holt is a writer who covers the art, business and culture of video games, with a focus on Overwatch 2. He also covers casual word games, such as Connections, Strands and Quordle. Kris has covered developments in cloud gaming, interviewed gaming executives about the strategy and future of their companies and reported from major esports events.
Read more »
Northern Lights could be seen across Philadelphia area Thursday: Here's whenA stunning sight is coming to the night sky on Thursday, and the entire Philadelphia area could get a rare glimpse.
Read more »